Core Points - Railtown AI Technologies Inc. is conducting a non-brokered private placement of up to 7,000,000 units at a price of $0.30 per unit, aiming for gross proceeds of up to $2,100,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrants allowing the purchase of additional shares at $0.60 for 24 months [1] - The proceeds will be used for user acquisition, revenue growth, capital markets awareness, and general corporate purposes [6] Offering Details - The offering is being completed under the LIFE Exemption, meaning the securities will not be subject to a hold period under Canadian securities laws [2] - Eligible finders may receive an 8% cash commission on gross proceeds and/or Finder's Warrants equal to 8% of the units sold [3] - Both the Warrants and Finder's Warrants are subject to acceleration if the trading price exceeds $1.20 for 10 consecutive trading days [4] Corporate Developments - Railtown has engaged Ari & Co. Capital as a corporate liaison for global business interests, effective for an initial term of 6 months [8] - The company has achieved SOC 2 certification, indicating a commitment to security and operational excellence, which is expected to enhance growth and value delivery [9] - Railtown AI has developed a cloud-based Application General Intelligence™ Platform called Conductor, aimed at improving developer productivity [10][11]

Core Insights - FreightCar America, Inc. will present and conduct investor meetings at Noble Capital Markets' Emerging Growth Equity Conference on December 3-4, 2024 [1][2] - The presentation will be led by Nick Randall, President and CEO, and Mike Riordan, CFO, starting at 1:30 PM CT on December 3rd [2] - A replay of the presentation will be available on the Company's Investor Relations website [2] Company Overview - FreightCar America is a diversified manufacturer and supplier of railroad freight cars, railcar parts, and components, headquartered in Chicago, Illinois [3] - The Company specializes in railcar repairs, complete railcar rebody services, and railcar conversions, repurposing idled rail assets back into revenue service [3] - Established in 1901, FreightCar America has built a reputation for quality railcars that are essential to economic growth and the North American supply chain [3]

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FREIGHTCAR AMERICA Investor Presentation November 2024 Disclosures 2 Forward-Looking Statements This presentation contains statements relating to our expected financial performance, financial condition, and/or future business prospects, events and/or plans that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materi ...

Financial Data and Key Metrics Changes - The company reported a significant revenue growth of 83% year-over-year, with consolidated revenues totaling $113.3 million for Q3 2024 compared to $61.9 million in Q3 2023 [9][20] - Gross profit for Q3 2024 was $16.2 million, resulting in a gross margin of 14.3%, slightly down from 14.9% in the prior year [20] - Adjusted EBITDA for Q3 2024 was $10.9 million, up from $3.5 million in Q3 2023, indicating strong operational performance [23] - The company ended the quarter with $44.8 million in cash and no outstanding borrowings, reflecting a strong cash position [24] Business Line Data and Key Metrics Changes - The company delivered 961 railcars in Q3 2024, just shy of the previous quarter's record output, showcasing operational efficiency [9] - Orders for 739 railcars valued at approximately $94.1 million were closed during the quarter, capturing 22% of industry orders excluding tank cars and autoracks [16] - The backlog at the end of Q3 2024 stood at 3,611 railcars valued at approximately $372 million, indicating a healthy pipeline [18] Market Data and Key Metrics Changes - The company gained 3% market share sequentially on a trailing 12-month basis, despite a 20% decline in overall industry orders [12] - Rail traffic in terms of car loadings remained relatively flat, down 1.7% year-over-year, but certain segments like petroleum and chemicals showed positive growth [19] Company Strategy and Development Direction - The company continues to focus on enhancing its product portfolio and capturing market share through operational flexibility and tailored solutions [14] - The strategy includes maintaining a strong cash flow generation capability and investing in growth opportunities [24] - The company is positioned to benefit from the replacement cycle in the railcar market, with an expected demand of 40,000 railcars annually driven by aging fleets [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving annual goals and reaffirmed full-year revenue and railcar delivery expectations [13] - The company anticipates strong demand across various product lines as it enters 2025, with a focus on long-term growth prospects [14] - Management noted that the current economic environment and potential tariffs have not significantly impacted the business [30] Other Important Information - Capital expenditures for Q3 2024 were approximately $1.5 million, with a narrowed full-year forecast of $5 million to $6 million [24] - The company recognized a $110 million non-cash charge for warrant liability due to share price appreciation during the quarter [23] Q&A Session Summary Question: Key ingredients for a 14% plus gross margin quarter - Management highlighted a healthy mix of strong gondolas, open top hoppers, and flat cars, with full capacity utilization contributing to financial results [27] Question: Impact of economic growth and tariffs on demand - Management indicated that demand remains tied to replacement cycles, with no expected impact from tariffs on the business [30] Question: Update on plans to recapitalize the balance sheet - Management confirmed that recapitalization remains a strategic objective for the year [31] Question: Guidance increase for adjusted EBITDA - The increase is supported by strong performance and visibility into higher anticipated adjusted EBITDA based on year-to-date performance [32] Question: Variability in deliveries compared to the second quarter - Management explained that timing issues related to product changeovers affected the number of cars shipped [33] Question: Expectations for gross margins in 2024 - Management expects gross margins to be materially in line with the previous year, with slight fluctuations due to changeover timing [34] Question: Activity in the tank car conversion market - Management reported a strong pipeline and ongoing engagement in the tank car conversion market [35] Question: Impact of coal plant retirements on parts sales - Management noted that delays in coal plant retirements would positively impact parts sales, particularly for the coal fleet [38] Question: Expectations for fourth quarter gross margins - Management anticipates a sequential decrease in gross margins due to changeover timing but expects to remain in double digits [39]

Freightcar America (RAIL) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this rail car maker would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise.Over the last four quarters, the company has su ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly period ended September 30, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-51237 FREIGHTCAR AMERICA, INC. (Exact name of registrant as specified in its charter) Delaware 25-1837219 (State or other jurisdiction of incorporation or organization) (I. ...

Press Release FreightCar America, Inc. Reports Third Quarter 2024 Results Company delivers 83% year-over-year revenue growth with strong gross margin Raises mid-point of full year Adjusted EBITDA guidance CHICAGO, November 12, 2024 – FreightCar America, Inc. (NASDAQ: RAIL) ("FreightCar America" or the "Company"), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights ...

CHICAGO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that the Company will present, and conduct one-on-one meetings with investors, at the Sidoti Micro-Cap Virtual Conference, on November 13-14, 2024. Nick Randall, President and Chief Executive Officer, and Mike Riordan, Chief Financial Officer, will begin the presentation at 10:30 AM CT on November ...

Freightcar America (RAIL) shares soared 10.7% in the last trading session to close at $14.09. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 27.9% gain over the past four weeks.FreightCar America shares have performed exceedingly well this year, gaining almost 400% year to date.  This fast-growing company  has secured major orders of late and increased production capacity. Owing to the bullishness, Noble Financial recently maint ...